News from FlightGlobal – Page 495
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NewsIATA flags up to $113 billion revenue hit from coronavirus ‘crisis’
Airlines globally could see lost revenues of between $63 billion to $113 billion in 2020, depending on the extent of the coronavirus outbreak, says IATA, as it labels the impact “a crisis”.
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NewsEtihad reports $870 million annual loss
Etihad Airways narrowed its loss in 2019, to $870 million from $1.28 billion the year before, as the Abu Dhabi carrier cut capacity 6% as part of its transformation programme.
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NewsKuwait A330-800 delivery set for third quarter
Kuwait Airways appears set to take delivery of its first Airbus A330-800 in the third quarter of this year. FlightGlobal understands, from a source familiar with the situation, that the airline is working to this timetable following the certification of the -800 in mid-February. Kuwait Airways is configuring the Rolls-Royce ...
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NewsEx-Hawaiian chief Dunkerley among new Airbus board candidates
Airbus is proposing former Hawaiian Airlines chief Mark Dunkerley and ex-Lufthansa Group finance head Stephan Gemkow to join the airframer’s board of directors. The manufacturer has previously disclosed that chairman Denis Ranque is stepping down from his post as chairman, after seven years, following the company’s annual general meeting on ...
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NewsCoronavirus dealt fatal blow to embattled Flybe: shareholder
Impact of the coronavirus outbreak sealed the fate of struggling UK regional carrier Flybe, shareholder Virgin Atlantic has claimed. Virgin Atlantic was one of three investors in the Connect Airways consortium which took over Flybe a little more than a year ago and intended to develop the airline as a ...
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NewsBeleaguered Flybe ceases operations
UK regional carrier Flybe, which was beset by financial woes, has ceased operations and filed for administration. The airline has appointed Alan Hudson, Joanne Robinson, Lucy Winterborne and Simon Edel of professional services firm Ernst & Young as joint administrators, a notice on its website reads. “All flights have been ...
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NewsCoronavirus hit to January traffic the ‘tip of the iceberg’: IATA
IATA data shows that passenger traffic growth slowed to 2.4% in January – the weakest monthly increase since April 2010, and a sharp decrease from December 2019’s 4.6% rise in revenue passenger-kilometres. “January was just the tip of the iceberg in terms of the traffic impacts we are seeing owing ...
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NewsStruggling UK carrier Flybe reportedly set to cease operations
Troubled UK regional carrier Flybe is widely reported to be set to cease operations and file for administration.
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NewsUS airlines ask President Trump to reassure virus-weary travellers
US airline chief executives met with President Donald Trump and other officials in Washington, DC on 4 March to discuss their industry’s response to the coronavirus outbreak. They also urged Trump to assure the American public that air travel remains safe – a request coming as the industry reels from sagging demand and virus-spooked travellers.
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NewsCoronavirus hits US airlines as United slashes 10% of US flight schedules
United Airlines has slashed North American flight schedules 10% starting this spring, implemented a hiring freeze, offered staff unpaid leave and postponed some salary increases – all in response to sagging demand from the ongoing coronavirus outbreak.
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NewsImpeded descent preceded 747’s false glideslope crash
Investigators have given greater insight into the initial altitude deviation by a descending Boeing 747-400 freighter which preceded the aircraft’s capturing a false glideslope and fatally crashing at Bishkek. The inquiry into the accident, at night on 16 January 2017, had already established that the aircraft had been too high ...
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NewsVirus prompts Delta to slash Japan capacity
The ongoing coronavirus outbreak has led Delta Air Lines to slash capacity to Japan and delay a plan to launch flights from Seoul to Manila.
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NewsLufthansa to make Brandenburg switch in November
Lufthansa Group intends to transfer its mainline operations from Berlin Tegel to the German capital’s new Brandenburg airport a week after the long-delayed opening on 31 October.
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NewsChina launches funding scheme to keep services flying through coronavirus
China has detailed plans for a funding scheme aimed at incentivising airlines to continue or restore services in the light of heavy network cuts amid the coronavirus outbreak.
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NewsFlydubai bemoans growth lost from 737 Max grounding
Middle Eastern carrier Flydubai is looking to extend leases on aircraft which had been due to leave the fleet next year, to help cope with the capacity problems arising from continued grounding of the Boeing 737 Max. Flydubai has 14 Max jets. It says the airline’s fleet of 42 737-800s ...
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NewsSustainable fuel advances must parallel electric aircraft evolution: Rolls-Royce
Rolls-Royce’s chief technology officer, Paul Stein, believes that revenue passenger flights with electric aircraft are possible by 2029, but insists that substantial advances in sustainable aviation fuel production must accompany the drive towards such technology. While hybrid-electric aircraft could potentially be in service by the end of the decade, Stein ...
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NewsIATA steeled for ‘tough times’ after January fall in cargo demand
IATA is warning that “tough times are ahead” after cargo tonne-kilometres declined 3.3% in January.
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NewsFinnair, Wizz latest European carriers to extend cuts to counter coronavirus
Finnair and central European budget carrier Wizz have become the latest European carriers to detail more plans for cuts in response to the coronavirus outbreak.
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NewsAirbus’s Scherer: SARS outbreak illustrated industry’s resilience
Airbus chief commercial officer Christian Scherer is uncertain whether the air transport impact from the coronavirus outbreak will translate into an effect on the airframer. Speaking during the A4E aviation summit in Brussels, Scherer pointed out that the aircraft manufacturing business “operates to longer cycles”. Source: Ed Telling ...
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NewsAsian carriers cut operations as coronavirus outbreak persists
Asian carriers have announced further reductions as the coronavirus outbreak persists. Starting this week, Korea Air is suspending most European and US flights through April, while changes to Japan service remain in place until the end of May. It is also reducing operations to major cities such as Chicago, New ...